1511 PINE STREET Philadelphia, PA 19102

$950,000
1511 PINE STREET, Philadelphia, PA 19102
1002094678

Commercial Property for sale in Philadelphia, PA

for $950,000. This 1,248 square foot building was built in 1865 on a lot size of 14X32.

Property Information

  • $950,000
  • Commercial
  • 1,248 Square Feet
  • Taxes are $5,196
  • Other / Unknown
  • Active
  • Lot size of 14X32
  • Built in 1865
  • Philadelphia, PA
  • Rittenhouse Square Neighborhood
  • Philadelphia County
  • MLS/Web ID is 1002094678

Description

We are pleased to offer for sale this well-located, three-story townhouse style building, situated in the heart of Center City, one block west of the Avenue of the Arts. On tree-lined Pine Street in the Rittenhouse Square neighborhood, the property is well positioned to attract high quality tenants; students/employees of Jefferson Hospital, Pennsylvania Hospital, UPenn, Wharton, University of the Arts as well as Center City office workers. Both apartments are leased for terms of one year and the commercial unit has a locked-in lease through December 2019, providing a stable income stream and predictable performance. The building received a full renovation in 2010 which included all new heaters, wiring, plumbing, kitchens, baths, finishes, roof, appliances and more. The apartments have separately metered utilities, individual washer/dryers, dishwashers within each unit, hardwood floors and kitchens and baths. The commercial unit is rented for $2, 784/month, plus 1/2 water, 1/2 taxes and 1/2 insurance, the studio units are rented for $1, 055/month and the 1 BR is rented for $1, 400/month.

Room Information

  • Master Bedroom

Interior 4

Flooring

  • Tile Flooring
  • Wood Floors

Heating System

  • Hot Water Heater: Electric
  • Hot Water Heater: Gas

Sewer

  • Public Sewer
  • Sewer

Water Source

  • Public Water

Exterior 4

Construction

  • Brick

Foundation

  • Stone

Parking

  • Off Street Parking

Roof

  • Pitched/Sloped

Miscellaneous 3

Location

  • Downtown

Other

  • Mixed Plumbing

Utilities

  • Cable TV Available
  • Electric
  • Phone
  • TV-Cable
  • Water

Rental 1

Tenant Pays

  • Electric
  • Pest Control

† Excluded Feature

Neighborhood & Schools

School District: THE SCHOOL DISTRICT OF PHILADELPHIA

Listed By

Broker: BHHS FOX & ROACH-CENTER CITY WALNUT

1511 PINE STREET, Philadelphia, PA, 19102 is a Commercial Property for sale at $950,000 with 1,248 sqft and a lot size of 14X32. 1511 PINE STREET has 0.0 baths and was built in 1865. The property's zip code is 19102 which is in Philadelphia, PA

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Pricing History

Date Price Price Change Description
9/17/2018 $950,000 -4.43 % Price Change
9/17/2018 $994,050 Price Change
9/17/2018 $994,050 -0.10 % Price Change
9/17/2018 $995,000 Price Change
7/24/2018 $995,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Philadelphia $495,447 48 % below $315,000 67 % below
Commerical listings in Philadelphia $801,737 16 % below $419,999 56 % below
Sold listings in Philadelphia $157,550 83 % below $135,000 86 % below

Get the facts about Philadelphia, PA!

Population 1,558,191
Population Growth (since 2000) 3 %
Median Income $38,982
Median Age 34.87
Households w/ Children 25 %

Residential Dwellings

  • Owned 332362
  • Vacant 66130
  • Rented 282519

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Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363